Saturday, November 10, 2007

Bridging Paychecks

Inflation has been on an all time high and sometimes I wonder how some families are able to get buy on small salaries. I read an article in the newspaper last week about how many people were starting to cut down on certain luxury items or eating out, simply to save money due to the rising costs. I used to work in a company where some of the lower paid employees like the clerks would resort to taking Cash Advance payments from the company, especially during festive seasons. This advance will then be deducted from their monthly salary.

However nowadays, there are other options available for them in the form of Payday Loans. It’s a way to help bridge your urgent needs between paychecks and can sometimes provide cash faster than a Salary Advance which may have to go through lots of administrative details. The loan amounts can range from £80 all the way up to £750 and once approved, the money can be electronically deposited directly into your bank account. Payment can also be done from that same bank account on agreed dates. It’s a good help if you need money for urgent matters and can be a much better and safer option than going to a loan shark.

1 comment:

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